Shri Rakesh Mehrotra, Managing Director, Container Corporation of India Ltd. (CONCOR) presented a dividend cheque of Rs.45.10 crore to the Minister of Railways, Shri Lalu Prasad here today, representing dividend at the rate of 10 per cent on the equity paid-up share capital of Rs. 64.99 crore. Ministry of Railways holds 63.08 per cent of the equity share capital of CONCOR. Member Traffic, Railway Board & Chairman, CONCOR and other officials were also present on the occasion.
CONCOR’s shareholders in its 19th Annual General Meeting held on 22nd August 2007, declared Dividend at the rate of 220 per cent (inclusive of interim dividend at the rate of 10 per cent already paid) on the paid-up equity share capital for the financial year 2006-07 as against total dividend at the rate of 180 per cent for the financial year 2005-06. So far CONCOR has paid to its shareholders a total dividend of Rs.722.94 crore, out of which the share of Indian Railways has been Rs.464.15 crore.
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(Release ID :31325)